Hunt Global Resources Inc., a wholly owned subsidiary of Tombstone Technologies Inc., (OTCBB: TMCI) announced today that its BioSolutions Division has launched an exclusive research and product development project with Carbon Green Inc, a world leader in innovation in complete recycling of used tires by conversion to recovered steel, oil and a commercially accepted substitute for carbon black in tire manufacturing.
“Even with the recent US Government reinstatement of the $1.00 per gallon tax incentive for producing B100 Biodiesel, traditional Biodiesel manufacturers will continue to encounter challenges with fluctuating feedstock prices, availability and competition for food sources to profitably produce B-100. Hunt Global Resources and our BioSolutions Division have chosen to continue the strategy of focusing our technologies and resources on the non-food based LoNOX Industrial Biofuel business,” said George T. Sharp, Hunt’s CEO.
“In recent months we have tested our LoNOX Industrial Biofuel formulation with a number of organic, cellulosic and blended petroleum feed stocks (which includes Carbon Green tire derived oil) to achieve an ideal BTU and emissions result,” said Gregg Enders CEO of Hunt BioSolutions Inc. “Hunt LoNox, is a cleaner burning, similar BTU renewable fuel than traditional fuel oils in use now,” continued Mr. Enders. “Our goal has been to create a hot, clean burning bio/renewable industrial fuel that would provide a significant reduction in Nitrogen Oxide (NOx), Sulphur Oxide (SOx) and Carbon Dioxide (CO2) emissions at a price equal or lower than current non-compliant petroleum based products.”
John Novak, CEO of Carbon Green added, “The benefit is that by utilizing the oil from the Carbon Green tire process this completes the total tire recycling while positively impacting Hunt’s feedstock supply requirements and reducing costs to create the new Hunt/Carbon Green Biofuel.” Without our proprietary solutions many industries will struggle to fulfill feed-stock requirements and meet government compliance mandates for the usage of cleaner environmentally improved fuels, specifically biofuels."
When the joint R&D is completed, this newly developed blended product will meet or exceed new US Environmental Protection Agency (EPA) mandates for industrial and marine diesel emissions. Marketing will target industrial consumers of boiler fuel, heating oil, marine fuel and other stationary diesel and off-road users.